MPI Blog

On May 12, 2016, the FASB issued a proposed Accounting Standards Update (Update) that would remove Step 2 from the goodwill impairment test. The Update, if adopted, would be applicable to public entities and not-for-profit entities and would be very similar to the accounting alternative for private companies, which was promulgated by the Private Company Council (PCC) and endorsed by the FASB in late 2013.

MPI, a prestigious national consulting firm founded in 1939, specializes in business valuation, forensic accounting, litigation support and corporate advisory work. MPI provides fairness opinions, sell-side and buy-side advisory services through its investment banking affiliate MPI Securities, Inc. MPI conducts every project as if it is going to face the highest level of scrutiny, and its senior professionals have extensive experience presenting and defending work product in front of financial statement auditors, management teams, corporate boards and fiduciaries, the IRS, other government agencies, and in various courts.